SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF THE REPORT (Date of Earliest Event Reported): February 18, 1999
REPUBLIC FIRST BANCORP, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
PENNSYLVANIA 0-17007 23-2486815
(STATE OR OTHER JURISDICTION (COMMISSION FILE (I.R.S. EMPLOYER
OF INCORPORATION) NUMBER) IDENTIFICATION NO.)
1608 WALNUT STREET, PHILADELPHIA PA 19103
(ADDRESS AND ZIP CODE OF PRINCIPAL EXECUTIVE OFFICES)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (215) 735-4422
----------------------------------------------------
(FORMER NAME OR FORMER ADDRESS, IF CHANGED FROM LAST REPORT)
Page 1 of 4 Pages
<PAGE>
Item 5. Other Events.
On February 18, 1999, the Registrant announced that effective March 2,
1999, the Board of Directors has approved a 10% stock dividend for shareholders
of record, to be distributed on March 18, 1999.
A copy of the press release announcing this transaction is attached as
Exhibit 99.1.
Page 2 of 4 Pages
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
REPUBLIC FIRST BANCORP, INC.
(Registrant)
Dated: March 1, 1999 By: /s/ George S. Rapp
---------------------------------
George S. Rapp
Executive Vice President
Page 3 of 4 Pages
Exhibit 99.1
Press Release date February 18, 1999
NEWS RELEASE
FOR RELEASE
IMMEDIATELY
Contact: George S. Rapp
215-735-4422
Philadelphia, PA., February 18, 1999 -- Republic First Bancorp., Inc.
(NASDAQ:FRBK), parent company of First Republic Bank, today reported that its
Board of Directors approved a 10% stock dividend for shareholders of record as
of March 2, 1999 to be distributed on March 18, 1999. The dividend will
represent an increase in outstanding shares of approximately 535,000 bringing
the total outstanding shares after the dividend to approximately 5.9 million
shares. The stock price as of the last close of business on February 17, 1999
was $9.75 per share.
First Republic Bank, Philadelphia, is a full-service, state-chartered
commercial bank, a member of the Federal Reserve System and its deposits are
insured by the Federal Reserve System and its deposits are insured by the
Federal Deposit Insurance Corporation (FDIC). The Bank provides diversified
financial products through its eight offices located in Abington, Ardmore, Bala
Cynwyd, East Norriton and Philadelphia.
First Republic Bank, Philadelphia, is not affiliated with First
Republic Bank, a Nevada chartered bank whose executive offices are in San
Francisco, California.
Contact: George S. Rapp of Republic First Bancorp, (215) 735-4422
(FRBK).
Page 4 of 4 Pages
